The recent series of double-digit or, in one case, even triple-digit million euro fundings for German fintech companies continues: According to information from Finanz-Szene.de, Hamburg-based real estate financing specialist Exporo has received a further $19.4 million (€16 million) from its existing investors.
Although the round is thus significantly smaller than in the summer of 2019 when the Hanseatic company raised as much as $52 million (€43 million). However, the valuation is said to have remained unchanged. Accordingly, the startup founded in 2014 would continue to be valued by its investors at around $182 million (€150 million). An Exporo spokesperson did not want to officially comment on the Finanz-Szene.de information last night, but announced a press release for today, Tuesday, January 19th.
Read more about the fintech company Exporo and find the latest business headlines with the born2Invest mobile app.
Exporo operates a platform through which primarily small investors invest into real estate projects
Finanz-Szene.de had questioned the business model recently several times critically and had pointed among other things to repeated delays with repayments at Schwarmanleger. Only at the end of October a Co-CEO moved in with Exporo; Hermann Tange stands since then at the side of the past sole CEO Simon Brunke. According to its own information, Exporo has brokered financing worth a good $850 million (€700 million) to date. This makes the Hamburg-based company the clear market leader for swarm investments in German-speaking countries.
According to reports, Exporo is planning to use the financing to launch an additional digital real estate offering, among other things. According to the trademark register, the fintech company recently secured the rights to a corresponding word mark (“Propvest”). In previous rounds, Exporo’s backers included venture capital specialists such as Partech, e.Ventures, Heartcore and Holtzbrinck Ventures. It is unclear whether all of these are still on board, because Exporo as an “AG” does not have to disclose its shareholders (unlike the case with a GmbH).
In the first two weeks of January, four other German fintech had already received eight- or even nine-figure financing, namely Mambu $133 million (€110 million), Clark $72 million (€60 million), Moss $25 million (€21 million) and Quirion $15.8 million (€13 million).
In 2019, German and international venture capital investors are pumping a whopping 43 million into the local market leader Exporo, as founder and CEO Simon Brunke revealed yesterday in an interview with FinanzSzene.de and “Gründerszene”. Around half of the amount comes from Partech, a globally active VC specialist who has a stake in Auxmoney and Acatus in this country. In addition, the previous shareholders e.ventures, Holtzbrinck Ventures and Heartcore also took part, said Brunke.
Exporo was founded in 2014 and was the first crowd platform that consistently focused on the financing of real estate – while providers such as Companisto and Seedmatch, which were launched earlier, rely on the financing of startups. This basic strategic orientation of Exporo is paying off today: While local swarm investors only invested $97 million (€80 million) in young companies in 2018, according to data from “crowdfunding.de”, an astonishing $255 million (€210 million) flowed into real estate crowd projects.
DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.
This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.
First published in finanz-szene.de, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.
Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us.
Chainlink (LINK) with big update and new possibilities
Chainlink has released the OCR (Off-Chain Reporting) update, which can open up new data sources and generally increases performance. It...
Mazzanti manufacturer launches a STO after three equity crowdfunding campaigns
The campaign launched by Mazzanti has a duration of 60 days and has a minimum target of $964,000 (€800,000) and...
Gimme5 and Conto Lingotto enter Nexi Open, Nexi’s ecosystem for open banking
In 2020, Nexi Group reported Ebitda of $724.3 million (€601.4 million), up 2.5%, against revenues down 2.8% to around $1.25...
Why cotton futures made a new weekly chart high close
Cotton futures were higher for the week and made a new weekly chart high close once again. The weekly export...
Silver Supply Shortage: What Investors Need to Know
Precious metals received renewed interest as investment vehicles in the face of a global pandemic, as inflation-proof hedges in an...
Crypto6 days ago
Bitcoin slips back to $53,000 and major altcoins go lower on February 22nd
Biotech6 days ago
BB Biotech: Positive development in a volatile market environment
Featured6 days ago
The keys to ESG investment in 2021 in the face of growing interest and profitability
Business5 days ago
Virtual Reality (VR) mingles with team sports